HODI: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HODI
Largest movements
- Cash -€171,112
down €171,112 (-40.0%), from €427,817 to €256,705
mainly Other debts (-€184,680) and Investment in fixed assets (net) (-€140,507)
- Receivables after one year -€132,444
down €132,444 (-17.0%), from €779,659 to €647,215
- Tangible fixed assets +€63,782
up €63,782 (+27.7%), from €229,948 to €293,730
of which Furniture and vehicles: +€65,140
- Other debts -€184,680
no longer reported in 2024 (was €184,680)
- Profit (loss) carried forward -€38,510
down €38,510, from €6,662 to -€31,848
- Financial income -€197,203
down €197,203 (-75.0%), from €262,805 to €65,602
- Depreciation +€48,672
up €48,672 (+173.5%), from €28,053 to €76,725
- Taxes -€20,794
down €20,794 (-90.9%), from €22,888 to €2,094
- Other operating charges +€2,673
up €2,673 (+422.2%), from €633 to €3,306
- Gross operating margin -€2,311
down €2,311 (-11.8%), from -€19,631 to -€21,942
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,497,862 | €1,273,422 | -€224,440 | -15.0% |
| Fixed assets | 21/28 | €266,047 | €329,829 | +€63,782 | +24.0% |
| Tangible fixed assets | 22/27 | €229,948 | €293,730 | +€63,782 | +27.7% |
| Plant, machinery and equipment | 23 | €6,563 | €5,205 | -€1,358 | -20.7% |
| Furniture and vehicles | 24 | €223,385 | €288,525 | +€65,140 | +29.2% |
| Financial fixed assets | 28 | €36,099 | €36,099 | = | 0.0% |
| Current assets | 29/58 | €1,231,815 | €943,594 | -€288,222 | -23.4% |
| Amounts receivable after more than one year | 29 | €779,659 | €647,215 | -€132,444 | -17.0% |
| Other amounts receivable | 291 | €779,659 | €647,215 | -€132,444 | -17.0% |
| Amounts receivable within one year | 40/41 | €20,961 | €35,692 | +€14,731 | +70.3% |
| Trade receivables | 40 | €2,766 | €5,662 | +€2,896 | +104.7% |
| Other amounts receivable | 41 | €18,195 | €30,030 | +€11,835 | +65.0% |
| Cash at bank and in hand | 54/58 | €427,817 | €256,705 | -€171,112 | -40.0% |
| Deferred charges and accrued income | 490/1 | €3,378 | €3,982 | +€603 | +17.9% |
| Total equity and liabilities | 10/49 | €1,497,862 | €1,273,422 | -€224,440 | -15.0% |
| Equity | 10/15 | €1,309,912 | €1,271,402 | -€38,510 | -2.9% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €1,281,250 | €1,281,250 | = | 0.0% |
| Distributable reserves | 133 | €1,281,250 | €1,281,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,662 | -€31,848 | -€38,510 | |
| Amounts payable | 17/49 | €187,951 | €2,020 | -€185,930 | -98.9% |
| Amounts payable within one year | 42/48 | €187,951 | €2,020 | -€185,930 | -98.9% |
| Trade debts | 44 | €2,936 | - | -€2,936 | |
| Suppliers | 440/4 | €2,936 | - | -€2,936 | |
| Taxes, remuneration and social security | 45 | €334 | €2,020 | +€1,686 | +504.4% |
| Taxes | 450/3 | €334 | €2,020 | +€1,686 | +504.4% |
| Other amounts payable | 47/48 | €184,680 | - | -€184,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,053 | €76,725 | +€48,672 | +173.5% |
| Other operating charges | 640/8 | €633 | €3,306 | +€2,673 | +422.2% |
| Gross operating margin | 9900 | -€19,631 | -€21,942 | -€2,311 | -11.8% |
| Operating profit (loss) | 9901 | -€48,318 | -€101,973 | -€53,656 | -111.0% |
| Financial income | 75/76B | €262,805 | €65,602 | -€197,203 | -75.0% |
| Recurring financial income | 75 | €262,805 | €65,602 | -€197,203 | -75.0% |
| Financial charges | 65/66B | €57 | €45 | -€12 | -20.9% |
| Recurring financial charges | 65 | €57 | €45 | -€12 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €214,431 | -€36,417 | -€250,847 | |
| Income taxes | 67/77 | €22,888 | €2,094 | -€20,794 | -90.9% |
| Profit (loss) for the period | 9904 | €191,543 | -€38,510 | -€230,053 | |
| Profit (loss) for the period to be appropriated | 9905 | €191,543 | -€38,510 | -€230,053 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.